Advisory Services Network LLC Sells 3,592 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Advisory Services Network LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,459 shares of the industrial products company’s stock after selling 3,592 shares during the quarter. Advisory Services Network LLC’s holdings in Rockwell Automation were worth $2,649,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ROK. Vanguard Group Inc. grew its position in shares of Rockwell Automation by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after purchasing an additional 106,641 shares in the last quarter. BlackRock Inc. grew its position in shares of Rockwell Automation by 2.9% during the 1st quarter. BlackRock Inc. now owns 9,227,972 shares of the industrial products company’s stock worth $2,584,111,000 after purchasing an additional 261,227 shares in the last quarter. Capital World Investors grew its position in shares of Rockwell Automation by 35.2% during the 4th quarter. Capital World Investors now owns 4,892,850 shares of the industrial products company’s stock worth $1,706,871,000 after purchasing an additional 1,272,634 shares in the last quarter. State Street Corp grew its position in shares of Rockwell Automation by 2.6% during the 4th quarter. State Street Corp now owns 4,846,228 shares of the industrial products company’s stock worth $1,690,607,000 after purchasing an additional 120,708 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Rockwell Automation by 9.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,461,253 shares of the industrial products company’s stock worth $509,758,000 after purchasing an additional 130,498 shares in the last quarter. 79.11% of the stock is owned by institutional investors.

Insider Activity

In other news, VP John M. Miller sold 1,200 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $253.10, for a total transaction of $303,720.00. Following the completion of the transaction, the vice president now owns 4,508 shares of the company’s stock, valued at $1,140,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Rockwell Automation from $200.00 to $190.00 in a research report on Friday, July 8th. Credit Suisse Group set a $219.00 price target on shares of Rockwell Automation in a research report on Tuesday, July 19th. Argus increased their price target on shares of Rockwell Automation from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Wells Fargo & Company reduced their price target on shares of Rockwell Automation from $190.00 to $189.00 in a research report on Tuesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Rockwell Automation from $212.00 to $231.00 in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $240.29.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $237.90 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $190.08 and a fifty-two week high of $354.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. The firm has a market capitalization of $27.46 billion, a P/E ratio of 41.19, a P/E/G ratio of 2.76 and a beta of 1.47. The company’s 50 day moving average price is $237.82 and its two-hundred day moving average price is $236.54.

Rockwell Automation (NYSE:ROKGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.33. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Rockwell Automation had a net margin of 9.03% and a return on equity of 37.06%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 earnings per share. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.4 earnings per share for the current fiscal year.

About Rockwell Automation

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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